Japanese authorities intervened heavily in the foreign exchange market, causing the dollar to retreat from the 160 yen level. However, the initial impact of the intervention weakened, and continued market intervention became unsustainable.

2026-05-05

Japanese authorities intervened heavily in the foreign exchange market, causing the dollar to retreat from the 160 yen level. However, the initial impact of the intervention weakened, and continued market intervention became unsustainable.